Nestle Q4 Results Review: Bearish Analysts See Likely Headwinds This Fiscal
Nestle has exceeded expectations with a robust 9% year-on-year revenue growth, outperforming forecasts by 2%.26-04-2024
26-04-2024
Q4FY24 Quarterly & FY24 Annual Result Announced for Nestle India Ltd.
Packaged Foods company Nestle India announced FY24 & Q4FY24 results: Fifteen months FY24 Financial Highlights: Total Sales of Rs 24,275.5 crore Profit from Operations at 22.0% of Sales Net Profit of Rs 3,932.8 crore Robust Cash Generated from Operations at Rs 4,174.8 crore Earnings Per Share of Rs 40.79 Final Dividend recommended Rs 8.50 per equity share CSR Spend Rs 59.8 crore Contribution to the exchequer of Rs 6,437.8 crore Q4FY24 Financial Highlights: Total sales and Domestic sales for the quarter increased by 9.3% and 8.9%, respectively. Export sales for the quarter increased by 19.0%. Domestic sales crossed Rs 5,000 crore milestone for the first time. Commenting on the results, Suresh Narayanan, Chairman and Managing Director, Nestlé India said, “I am pleased to share that we have delivered double-digit growth, despite challenges posed by rising food inflation and volatile commodity prices. We have witnessed a strong growth momentum across our product portfolio led by a combination of pricing and mix. Our domestic sales crossed Rs 5,000 crore this quarter, a notable milestone for us. I would like to extend my heartfelt gratitude to my colleagues, distributors, retailers and partners for their unwavering dedication, determination, and diligence. In the financial year ended 31st March 2024, Confectionery delivered strong performance, fuelled by KITKAT, making India the second-largest market for the brand globally. Our Beverages business recorded robust performance. NESCAFÉ has introduced its coffee to over 30 million households in India in the last 7 years. Milk Products and Nutrition witnessed strong growth despite inflationary pressures. Prepared Dishes and Cooking Aids registered strong growth across portfolio led by MAGGI Noodles and MAGGI Masala-ae-Magic. India emerged as the largest market worldwide for MAGGI. The Out-of-Home business reported strong growth and e-commerce sustained its upward trajectory, contributing to 6.8% of sales. We remained steadfast on our RUrban journey and expanded to encompass over 200,000 villages, marking a significant milestone in our journey. The pursuit of new platforms and categories is a key component of Nestlé India's overall growth strategy and reflects our commitment to anticipating and responding to evolving market trends and consumer preferences. By leveraging our existing competencies and capabilities, and by investing in new areas of opportunity, Nestlé India strives to deliver long-term value to its stakeholders." Result PDF25-04-2024
NESTLE INDIA LTD. - 500790 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
Press Releases on: 1. Nestle India launches the much-awaited NESPRESSO; and 2. Nestle India and Dr. Reddy''s to form joint venture to take health science nutraceutical portfolio to consumers across India and other agreed territories.25-04-2024
FSSAI Begins Pan-India Sampling Of Nestle's Cerelac, Completion In 15-20 Days
The move comes following concerns about alleged high sugar content in Nestle's baby food products expressed by both the consumer affairs ministry and the National Commission for Protection of Child Rights after taking note of a global report published by Swiss NGO Public Eye.25-04-2024
NESTLE INDIA LTD. - 500790 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
Press Release relating to the results and other business items25-04-2024
NESTLE INDIA LTD. - 500790 - Outcome Of The Board Meeting
1. Approved Audited Financial Results for the fifteen months financial year ended 31st March 2024; 2. Recommended Final Dividend for the fifteen months financial year ended 31st March 2024; 3. Approved execution of a definitive agreement to form a joint venture with Dr. Reddy''s Laboratories Limited; 4. Convening of 65th AGM on Friday, 5th July 2024 through VC/OAVM; 5. Launch of Nespresso in India.25-04-2024
NESTLE INDIA LTD. - 500790 - Announcement under Regulation 30 (LODR)-Joint Venture
Approved execution of a definitive agreement to form a joint venture between the Company and Dr. Reddy''s Laboratories Limited25-04-2024
NESTLE INDIA LTD. - 500790 - Recommended Final Dividend For The Fifteen Months Financial Year Ended 31St March 2024 And For This Purpose, Fixed 15Th July 2024 As The Record Date
Recommend Final Dividend for the fifteen months financial year ended 31st March 202425-04-2024
NESTLE INDIA LTD. - 500790 - Announcement under Regulation 30 (LODR)-Dividend Updates
Recommend Final Dividend for the fifteen months financial year ended 31st March 202425-04-2024